Today's Global Economy Pulse
Fed's Kashkari warns inflation remains far too high
Minneapolis Fed President Neel Kashkari told CNBC that headline CPI was 3.8% in April and core CPI rose 2.8% year‑over‑year. He said the persistent price pressure could unanchor consumer expectations and may force the Federal Reserve to act more aggressively.
What to Expect From Bangladesh's Upcoming Elections
In this 17‑minute episode, RANE’s South Asia analyst Misha Iqbal breaks down the key actors and forces shaping Bangladesh’s upcoming election—the first since the 2024 pro‑democracy uprising that removed Sheikh Hasina from power. Iqbal outlines the political landscape, including emerging parties, military influence, and civil society pressures, and assesses how these dynamics could affect election credibility and stability. He also highlights potential risks for businesses operating in the region, such as policy volatility and security concerns. The analysis underscores the importance of monitoring electoral developments for risk‑aware decision‑makers.
TURKEY REPORTED RECORD TOURISM REVENUE IN 2025
Turkey recorded a historic tourism peak in 2025, welcoming roughly 63.9 million visitors and generating $65.2 billion in revenue. Visitor numbers rose 2.7% year‑over‑year, while tourism earnings climbed 6.8%, surpassing government targets. The market mix featured 52.8 million foreign tourists and 11.1 million Turkish...
Trump Turns to US Military Leaders for Diplomatic Efforts on Iran and Ukraine
President Donald Trump has turned to senior military officials to spearhead high‑stakes diplomatic talks on Iran’s nuclear program and the Russia‑Ukraine war. Admiral Brad Cooper, commander of U.S. Central Command, joined indirect Iran negotiations in Oman, while Army Secretary Dan...
Elliott Wave Analysis of EURUSD – February 9th, 2026
The latest Elliott Wave analysis notes that EUR/USD slipped during the first week of February 2026, testing the 1.1800 support zone. While the pair remains above this level, bullish sentiment persists, suggesting the wave count may still be in an...
Oil Context Weekly (W6)
In this week’s Oil Context Weekly, the host reviews flat crude prices slipping below $68 a barrel after geopolitical chatter between the U.S. and Iran, while noting a modestly backwardated term structure with a "smiley‑faced" futures curve extending to 2027....
Friday Footnotes: What's Happening In China
In this episode, the host examines the current state of China's grain market, focusing on its ability to meet President Trump's promised soybean purchases of 8 million metric tons (294 million bushels) and the anticipated 25 million metric tons of new crop. The...
#687: First Friday: The Retirement Rules That Changed While You Weren’t Looking
In this First Friday episode, host Paula Pant reviews the economic landscape of January 2026, highlighting a 2% S&P 500 pullback, a near‑10% Bitcoin drop, and a cooling labor market with job openings falling to 7.6 million. She discusses the surprise nomination of...
Global FX: RBA, JP Elections, Euro/APAC Rotation, Dovish BoE, US Data
The FX team discusses a variety of topics: the euro bloc/ APAC FX rotation, RBA hawkish pivot, scenarios around upcoming JP elections, the dovish BoE surprise and recent US data. This podcast was recorded on 06 February 2026. This communication is...
US Mineral Supply Chains Remain Exposed to China Chokehold: USGS Report
The U.S. Geological Survey’s 2026 mineral commodities summary shows the United States now imports 100% of 16 of the 90 non‑fuel minerals it tracks, up from 15 a year earlier, and relies on foreign sources for more than half of...
Iran Can Still Normalize Its Economy—But the Path Will Be Painful and Slow
Iran’s inflation, hovering around 20% and spiking above 40% during sanctions, has become a structural feature of its macro‑economy. The country’s fragmented exchange‑rate system, fiscal deficits financed by the central bank, and dominant state‑linked enterprises perpetuate price pressures. Analysts argue...
Heliostar Pours First Gold From San Agustin Mine
Heliostar Metals announced the first gold pour from its newly restarted San Agustin mine in Durango, marking its second operating asset after La Colorada. The open‑pit mine is projected to deliver roughly 45,000 ounces of gold from existing reserves, prompting...
European Rates: ECB and BoE February Meetings, Skinny Carry in Euro Area, Increased UK Political Noise
In this brief episode, J.P. Morgan analysts Francis Diamond, Aditya Chordia, and Khagendra Gupta dissect the February policy meetings of the European Central Bank and the Bank of England, highlighting the limited rate‑differential (or "skinny carry") in the Eurozone and...
DPM Adds 20% More Gold-Silver to Extend Bulgaria Mine
DPM Metals announced a 20% increase in measured and indicated resources at its Chelopech gold‑copper mine, boosting total reserves to 1.6 million ounces of gold and 6.23 million ounces of silver. The update extends the mine’s projected life to ten years, up...
Friday Reading List - 6 February 2026
The Friday Reading List for February 6, 2026 surveys a wave of political and security developments across Latin America, focusing on the United States' renewed pressure on Cuba, shifting dynamics in Brazil, Costa Rica, and Mexico, and the fallout from...
What a Year of Trump 2.0 Has Taught Us About the Global Economy
In his second term, President Donald Trump pushed average U.S. import tariffs to about 18%, the highest level since the Great Depression. The higher duties widened the trade deficit and contributed to persistent inflation, prompting the Federal Reserve to cut...
The Liquidity Tide Is Turning: Warning for Risk Assets
The episode explains how a shift in global liquidity, driven by the Federal Reserve’s move toward quantitative tightening, is ending the era of easy money and causing risk assets like Bitcoin and high‑growth tech stocks to falter. It highlights the...
How Rio–Glencore Talks Fell Apart
Former Glencore CEO Ivan Glasenberg pursued a $260 billion merger with Rio Tinto that could have reshaped the mining sector. Talks collapsed within 24 hours after Rio announced it would not pursue a deal that failed to deliver sufficient shareholder value....
FAO Food Price Index Declines in January for Fifth Consecutive Month
The FAO Food Price Index slipped to 123.9 points in January, marking a fifth consecutive monthly decline and a 0.4% drop from December. Prices fell sharply for dairy (‑5%) and sugar (‑1%), while the cereal price index edged up 0.2%...
India’s Defense Budget Jumps 15 Percent
India’s 2026‑27 Union Budget allocates a record ₹7.85 trillion (≈$87 billion) to defence, a 15 percent rise over the previous year. The surge is driven by Operation Sindoor, a series of retaliatory air strikes that heightened focus on modernisation. Capital outlay jumps to ₹2.31 trillion,...
The US Is a Small Country
The article revisits the classic small‑country tariff model, contrasting it with the large‑country framework that allows an importer to affect world prices. It explains how a sufficiently small tariff could improve a large importer’s terms of trade, creating an "optimal...
Germany Wants a “Two-Speed EU” On Defence. What About Poland?
Germany is spearheading a “two‑speed” European Union defence initiative by forming an E6 group of the bloc’s six largest economies – Germany, France, Poland, Spain, Italy and the Netherlands. The format aims to bypass consensus‑driven decision‑making to accelerate defence investment,...
France Adopts “Indian Model” Of Partnership in East Africa After Setback in West Africa: OPED
France is redirecting its African security policy from the faltering Sahel model to a partnership with Kenya, formalized through the first France‑Kenya Defence Cooperation Agreement (DCA). The DCA shifts focus to joint training, maritime security, intelligence sharing, and peace‑support operations,...
Policy Paper: Joint Readout of the First UK-China Financial Working Group
The UK‑China Financial Working Group held its inaugural meeting on 31 January 2026 in Beijing, bringing together senior officials from HM Treasury, the Bank of England, the PRA, the FCA and their Chinese counterparts from the People’s Bank of China, the Ministry...
First Green Shipping Corridor Between France and China
Haropa Port, Zhejiang Provincial Seaport Group, Bureau Veritas, MSC and TiL signed an agreement in Shanghai to launch the first green shipping corridor between France’s Haropa Port and China’s Ningbo Zhoushan Port. The corridor aligns with IMO’s 2050 carbon‑neutral target...
ICTSI and PSA Jv Expands Capacity at Colombian Port
International Container Terminal Services (ICTSI) and PSA International’s joint venture, Sociedad Puerto Industrial de Aguadulce, has received two super post‑Panamax quay cranes and three hybrid rubber‑tired gantry (RTG) cranes for the Aguadulce terminal in Buenaventura, Colombia. The quay cranes can...
CSSC Opens Qatar Representative Office
China State Shipbuilding Corporation (CSSC) inaugurated a representative office in Doha, managed by its subsidiary China Shipbuilding Trading (CSTC). The office, staffed with marketing, technical and service experts from Hudong‑Zhonghua Shipbuilding and CSSC Power/WinGD, is positioned as a hub for...
Everllence Books 2,000th Dual-Fuel Two-Stroke Order
Everllence secured its 2,000th dual‑fuel two‑stroke engine contract, a deal placed by Cosco Shipping Lines for a 12‑ship order of 18,000‑TEU container vessels built at Jiangnan Shipyard in China. The order features the B&W 8G95ME‑GI Mk. 10.5 engine, which incorporates exhaust‑gas recirculation and...
Kongsberg Wins Four-Ship Deal for New Transpetro Tankers
Kongsberg Maritime secured a contract to design and equip four 15,600 dwt handy‑size tankers for Transpetro, Brazil’s Petrobras transport arm. The vessels will be constructed at Consórcio Marenova, a joint venture between Ecovix and MacLaren, and are engineered for future methanol...
When Economic Warfare Meets Gunboat Diplomacy: What to Know About the US Seizures of Shadow Fleet Tankers
U.S. authorities have seized at least seven tankers linked to Venezuela’s shadow fleet, part of a broader push to disrupt illicit oil flows from Iran, Russia and Venezuela. The seizures rely on civil forfeiture statutes rather than wartime prize law,...
Bonds as Bargaining Chips: The $8 Trillion Selloff that Could Shake U.S. Markets
European investors hold roughly $8 trillion of U.S. Treasury debt, a quarter of the Treasury market, and recent geopolitical friction with the Trump administration has sparked talk of using those holdings as leverage. A Danish pension fund’s $100 million Treasury sell‑off highlighted...
UANI Demands Action on Dark Fleet Oil Transfers Off Malaysia
United Against a Nuclear Iran (UANI) is urging the United States and Malaysia to crack down on ship‑to‑ship (STS) transfers of sanctioned Iranian crude off Malaysia’s East Outer Port Limits. UANI identified about 60 dark‑fleet tankers waiting for STS operations,...
EU Reached a Breakthrough on a €90 Billion Loan for Ukraine
European Union member states have reached a breakthrough agreement to provide Ukraine with a €90 billion support package for 2026‑2027, of which roughly €60 billion is allocated to military aid and €30 billion to budget stabilization and reforms. The financing will be sourced...
Thursday: NZ Employment Rises
In this brief episode, ANZ Research analysts discuss the latest data showing a rise in New Zealand employment, highlighting the sectors driving the growth and the implications for wage pressure and inflation. They note that the job market is tightening, with...
Logistics Challenges See Chinese Production Reactivated
Manufacturers that fled China during the 2018 US trade war are now reversing course, with up to half of re‑shored production expected to return to Chinese factories. Logistics bottlenecks and limited capacity in Southeast Asian ports are prompting exporters of...
Study Highlights Onshore Power Supply Challenge for LNG-Powered Ships
A CE Delft study commissioned by Nabu reveals a compatibility issue between on‑shore power supply (OPS) and LNG‑powered vessels. Ships with membrane or Type B tanks, which have lower pressure tolerance, may struggle to manage boil‑off gas (BOG) when connected to...
China Retains Shipbuilding Crown in 2025
China retained its shipbuilding leadership in 2025, delivering 53.69 million deadweight tonnes—a 11.4% increase year‑on‑year—and capturing 56.1% of global output. New orders fell 4.6% to 107.82 million dwt but still accounted for 69% of worldwide demand, while the order backlog surged 31.5%...
Wärtsilä to Boost Capacity at Sustainable Technology Hub
Wärtsilä will invest roughly €140 million to expand its Sustainable Technology Hub in Vaasa, boosting production capacity by 35% and adding an 11,000 sq m extension. The upgraded facility, slated for completion in Q1 2028, supports the company’s record‑high 2025 operating profit of €833 million...
KOSPI Surges +1.57%: Hardware Sovereignty (Samsung)
In this episode LoRosha analyzes the February 4 Asian market session, highlighting a 1.57% rise in the KOSPI driven by Samsung Electronics breaking the 169,000 KRW mark and reaching a $720 billion market cap. He argues that despite heavy foreign net...
There Is Only One Sphere of Influence
The article argues that the United States now enjoys a unique, uncontested sphere of influence across the Western Hemisphere, anchored by overwhelming military spending and deep economic integration. By contrast, China and Russia lack the capacity to establish comparable regional...
Memo to the President: Steps to Secure a Prosperous, US-Aligned Venezuela
Following the January 3 capture of Nicolás Maduro, a memo authored by former U.S. officials outlines a roadmap for Washington to steer Venezuela toward a prosperous, U.S.-aligned future. It calls for immediate benchmarks on human‑rights reforms, dismantling of paramilitary groups, and...
‘Scrutinising Origin, Ownership, and Control’: FEOC Rules Change US BESS Buying
On January 1, 2026 the United States enforced foreign‑entity‑of‑concern (FEOC) restrictions and a 25% Section 301 tariff on Chinese‑origin battery energy storage systems (BESS). The new rules have shifted procurement from a price‑only focus to a comprehensive risk‑management approach that evaluates supply‑chain...
AD Ports to Explore Development of DRC Multipurpose Terminal
AD Ports Group has signed a Heads of Terms with the Democratic Republic of Congo’s Ministry of Transport to explore developing a multipurpose terminal at Matadi Port, the country’s primary riverine gateway. The agreement outlines a framework for enhancing operational...
Navigating the New Interregnum
The episode examines the current geopolitical interregnum—a transitional period between the fading Pax Americana and an as‑yet undefined new world order. It highlights how U.S. actions in Venezuela and threats to Greenland have destabilized NATO, prompting speculation about a future...
American Samoa Is America’s Strategic Hub in the South Pacific
American Samoa hosts Pago Pago, the United States' sole deep‑water port in the South Pacific, a legacy of a 125‑year‑old naval agreement. The island now faces heightened Chinese activity, including illegal fishing fleets labeled a "maritime militia" and growing narcotics...
The Paradox of Wartime Commerce
The article examines why nations continue to trade even amid armed conflict, highlighting the paradox of wartime commerce. It uses the United States‑China relationship as a case study, noting Washington’s push to “de‑risk” supply chains and the 2025 Chinese embargo...
Markets Say “Wrong Kevin”, Xiaomi & Ford Could Partner Up
Asian equity markets slumped after President‑Trump‑appointed Fed nominee Kevin Warsh signaled hawkish policy, prompting a broad risk‑off that also lifted the U.S. dollar. Meanwhile, the renminbi hit a 52‑week high at 6.94 per dollar even as commodity futures and semiconductor...
Money and Me: When Gold Breaks, AI Bites Back, and Japan Shakes the World
In this episode, host Michelle Martin and guest Simon Ree, founder of Tao of Trading, dissect a volatile market landscape where gold and silver have sharply retreated after a steep rally, and Microsoft’s stock fell despite strong earnings, raising concerns...
Plumbing Notes: A Global Compression
In this brief update, the host explains how the Federal Reserve’s recent liquidity injections have compressed the SOFR‑FF basis, pushing overnight SOFR rates to just a few basis points below the interest on reserve balances (IORB). Major banks, led by...
What to Know About the Strait of Hormuz as Iran Plans Military Drill
Iran announced a live‑fire naval drill in the Strait of Hormuz for Sunday and Monday, targeting a lane within the traffic separation scheme that handles roughly one‑fifth of global oil shipments. The United States Central Command warned Tehran that unsafe...
Big Joe Jafurah
The episode examines the paradox of hydrocarbon utilization in the Middle East, highlighting how oil is still burned for electricity at massive scales while natural gas remains underdeveloped and heavily flared. It contrasts the region’s wasteful practices with global trends...